BNP Paribas Financial Markets Raises Position in KBR, Inc. (NYSE:KBR)

BNP Paribas Financial Markets grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 14.6% during the fourth quarter, HoldingsChannel reports. The firm owned 53,518 shares of the construction company’s stock after purchasing an additional 6,832 shares during the quarter. BNP Paribas Financial Markets’ holdings in KBR were worth $3,100,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock worth $740,951,000 after buying an additional 68,588 shares during the period. Boston Partners increased its holdings in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. increased its holdings in KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock valued at $166,167,000 after purchasing an additional 451,887 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in KBR by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company’s stock valued at $126,452,000 after purchasing an additional 130,535 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 0.3%

Shares of KBR stock opened at $55.82 on Friday. The business has a 50-day moving average of $51.44 and a 200-day moving average of $55.69. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $7.24 billion, a PE ratio of 23.45, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. KBR’s payout ratio is 22.07%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company’s stock.

Analysts Set New Price Targets

KBR has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Citigroup lowered their price target on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. KeyCorp increased their price target on KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Finally, Truist Financial lowered their price target on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.86.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.